Global Intelligent Motor Controller Market is valued at approximately USD 665.03 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% during the forecast period 2023-2030. An Intelligent Motor Controller (IMC) is a sophisticated electronic device designed to manage and control the operation of electric motors in various industrial and commercial applications. Unlike traditional motor controllers, which typically provide basic functions such as starting, stopping, and speed regulation, an IMC integrates advanced technologies and features to enhance efficiency, performance, and reliability. Intelligent Motor Controllers often incorporate microprocessors, sensors, and communication interfaces, allowing them to gather real-time data about motor conditions, power consumption, and environmental factors. This data is then analyzed to optimize motor performance, reduce energy consumption, and predict potential issues before they lead to failures. The Intelligent Motor Controller Market is expanding because of factors such as high demand and adoption of industrial automation, rising demand for smart and multifunctional devices and rising adoption of industrial IoT.
The rising adoption of the Industrial Internet of Things (IIoT) is a significant driver for the growth of the Intelligent Motor Controller (IMC) Market. As industries increasingly embrace the concept of Industry 4.0 and deploy IIoT solutions, the demand for intelligent motor control systems has surged. Intelligent Motor Controllers play a pivotal role in this scenario by seamlessly integrating into IIoT ecosystems, allowing for enhanced connectivity, data exchange, and real-time monitoring of motorized systems. The Statista report also states that the global Industrial Internet of Things (IIoT) Market size in the year 2021 stood at USD 263.52 billion which increased to USD 323.62 billion in the year 2022 and it is projected to reach USD 1110 billion by the year 2028. This rising market share is resulting in market growth. In addition, the growing adoption of electric vehicles and technological advancements are some factors creating new opportunities for market growth. However, the high cost of components of intelligent motor controllers stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Intelligent Motor Controller Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The widespread increase in smart device demand and installation in this region is driven by the growing technological advancements among end-users. North America, known for its rapid adoption of the latest technologies, is experiencing a significant surge in the use of Intelligent Motor Controllers (IMCs) across various end-user industries. Consequently, this heightened adoption is poised to fuel significant growth in the North American region throughout the forecast period. Asia Pacific is expected to grow at the fastest rate over the forecast period, The Asia Pacific region is witnessing substantial growth in its power generation and wastewater management sectors, coupled with a swift integration of automation in various industrial segments. The escalating demand for smart devices, driven by their cost-cutting benefits and enhanced operational efficiency, is a prominent trend. Moreover, there is rise in the installation of smart motors, contributing to the increased utilization of Intelligent Motor Controllers (IMCs). Consequently, these factors collectively propel the growth of the Intelligent Motor Controller Market in the Asia Pacific region throughout the forecast period.
Major market player included in this report are:
- General Electric
- Mitsubishi Electric Corporation
- Siemens AG
- ABB
- Larsen & Toubro Ltd
- Schneider Electric
- Lsis Co. Ltd.
- Rockwell Automation
- NXP Semiconductors
- Fairford Electronics
Recent Developments in the Market:
- In November 2022, Rockwell Automation revealed its acquisition of CUBIC, a firm specializing in the development of modular systems for constructing electrical panels. This strategic acquisition is anticipated to bolster Rockwell's already dominant portfolio of intelligent motor control technologies, reinforcing its position in the market.
- In July 2022, Collins Aerospace successfully concluded the preliminary design review for Pratt and Whitney Canada's regional hybrid-electric flight demonstrator, featuring a 1-megawatt electric motor and motor controller. The next phase involves scheduled flight testing in Montreal, set to commence in 2024.
Global Intelligent Motor Controller Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Motor Type, Voltage, Application, End User, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Motor Type:
By Voltage:
By Application:
- Pumps
- Fans
- Compressors
- Others
By End-user:
- Oil & Gas
- Power Generation
- Water & Wastewater
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Intelligent Motor Controller Market, by Region, 2020-2030 (USD Million)
- 1.2.2.Intelligent Motor Controller Market, by Motor Type, 2020-2030 (USD Million)
- 1.2.3.Intelligent Motor Controller Market, by Voltage, 2020-2030 (USD Million)
- 1.2.4.Intelligent Motor Controller Market, by Application, 2020-2030 (USD Million)
- 1.2.5.Intelligent Motor Controller Market, by End User, 2020-2030 (USD Million)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Intelligent Motor Controller Market Definition and Scope
- 2.1.Objective of the Study
- 2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
- 2.3.Years Considered for the Study
- 2.4.Currency Conversion Rates
Chapter 3.Global Intelligent Motor Controller Market Dynamics
- 3.1.Intelligent Motor Controller Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
- 3.1.1.1.High demand and adoption of industrial automation
- 3.1.1.2.Rising demand for smart and multifunctional device
- 3.1.1.3.Rising adoption of industrial IoT
- 3.1.2.Market Challenges
- 3.1.2.1.High cost of components of intelligent motor controller
- 3.1.3.Market Opportunities
- 3.1.3.1.Growing adoption of electric vehicles
- 3.1.3.2.Technological advancements
- 3.1.3.3.
Chapter 4.Global Intelligent Motor Controller Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.2.Porter's 5 Force Impact Analysis
- 4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
- 4.4.Top investment opportunity
- 4.5.Top winning strategies
- 4.6.COVID-19 Impact Analysis
- 4.7.Disruptive Trends
- 4.8.Industry Expert Perspective
- 4.9.Analyst Recommendation & Conclusion
Chapter 5.Global Intelligent Motor Controller Market, by Motor Type
- 5.1.Market Snapshot
- 5.2.Global Intelligent Motor Controller Market by Motor Type, Performance - Potential Analysis
- 5.3.Global Intelligent Motor Controller Market Estimates & Forecasts by Motor Type 2020-2030 (USD Million)
- 5.4.Intelligent Motor Controller Market, Sub Segment Analysis
- 5.4.1. AC
- 5.4.2. DC
- 5.4.3. Others
Chapter 6.Global Intelligent Motor Controller Market, by Voltage
- 6.1.Market Snapshot
- 6.2.Global Intelligent Motor Controller Market by Voltage, Performance - Potential Analysis
- 6.3.Global Intelligent Motor Controller Market Estimates & Forecasts by Voltage 2020-2030 (USD Million)
- 6.4.Intelligent Motor Controller Market, Sub Segment Analysis
Chapter 7.Global Intelligent Motor Controller Market, by Application
- 7.1.Market Snapshot
- 7.2.Global Intelligent Motor Controller Market by Application, Performance - Potential Analysis
- 7.3.Global Intelligent Motor Controller Market Estimates & Forecasts by Application 2020-2030 (USD Million)
- 7.4.Intelligent Motor Controller Market, Sub Segment Analysis
- 7.4.1. Pumps
- 7.4.2. Fans
- 7.4.3. Compressors
- 7.4.4. Others
Chapter 8.Global Intelligent Motor Controller Market, by End User
- 8.1.Market Snapshot
- 8.2.Global Intelligent Motor Controller Market by End User, Performance - Potential Analysis
- 8.3.Global Intelligent Motor Controller Market Estimates & Forecasts by End User 2020-2030 (USD Million)
- 8.4.Intelligent Motor Controller Market, Sub Segment Analysis
- 8.4.1. Oil & Gas
- 8.4.2.Power Generation
- 8.4.3.Water & Wastewater
- 8.4.4.Others
Chapter 9.Global Intelligent Motor Controller Market, Regional Analysis
- 9.1.Top Leading Countries
- 9.2.Top Emerging Countries
- 9.3.Intelligent Motor Controller Market, Regional Market Snapshot
- 9.4.North America Intelligent Motor Controller Market
- 9.4.1.U.S. Intelligent Motor Controller Market
- 9.4.1.1.Motor Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2.Voltage breakdown estimates & forecasts, 2020-2030
- 9.4.1.3.Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4.End User breakdown estimates & forecasts, 2020-2030
- 9.4.2.Canada Intelligent Motor Controller Market
- 9.5.Europe Intelligent Motor Controller Market Snapshot
- 9.5.1.U.K. Intelligent Motor Controller Market
- 9.5.2.Germany Intelligent Motor Controller Market
- 9.5.3.France Intelligent Motor Controller Market
- 9.5.4.Spain Intelligent Motor Controller Market
- 9.5.5.Italy Intelligent Motor Controller Market
- 9.5.6.Rest of Europe Intelligent Motor Controller Market
- 9.6.Asia-Pacific Intelligent Motor Controller Market Snapshot
- 9.6.1.China Intelligent Motor Controller Market
- 9.6.2.India Intelligent Motor Controller Market
- 9.6.3.Japan Intelligent Motor Controller Market
- 9.6.4.Australia Intelligent Motor Controller Market
- 9.6.5.South Korea Intelligent Motor Controller Market
- 9.6.6.Rest of Asia Pacific Intelligent Motor Controller Market
- 9.7.Latin America Intelligent Motor Controller Market Snapshot
- 9.7.1.Brazil Intelligent Motor Controller Market
- 9.7.2.Mexico Intelligent Motor Controller Market
- 9.8.Middle East & Africa Intelligent Motor Controller Market
- 9.8.1.Saudi Arabia Intelligent Motor Controller Market
- 9.8.2.South Africa Intelligent Motor Controller Market
- 9.8.3.Rest of Middle East & Africa Intelligent Motor Controller Market
Chapter 10.Competitive Intelligence
- 10.1.Key Company SWOT Analysis
- 10.2.Top Market Strategies
- 10.3.Company Profiles
- 10.3.1. General Electric
- 10.3.1.1.Key Information
- 10.3.1.2.Overview
- 10.3.1.3.Financial (Subject to Data Availability)
- 10.3.1.4.Product Summary
- 10.3.1.5.Recent Developments
- 10.3.2.Mitsubishi Electric Corporation
- 10.3.3.Siemens AG
- 10.3.4.ABB
- 10.3.5.Larsen & Toubro Ltd
- 10.3.6.Schneider Electric
- 10.3.7.Lsis Co. Ltd.
- 10.3.8.Rockwell Automation
- 10.3.9.NXP Semiconductors
- 10.3.10.Fairford Electronics
Chapter 11.Research Process
- 11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
- 11.2.Research Attributes
- 11.3.Research Assumption